Helix Energy Solutions Group - HLX Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HLX shares.
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4 Wall Street research analysts have issued 12 month price objectives for Helix Energy Solutions Group's stock. Their HLX share price forecasts range from $6.00 to $8.00. On average, they predict the company's share price to reach $7.25 in the next year. This suggests a possible upside of 76.8% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $3.12 on January 1st, 2022. Since then, HLX shares have increased by 31.4% and is now trading at $4.10.
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Helix Energy Solutions Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,020,000 shares, an increase of 6.7% from the July 15th total of 8,450,000 shares. Based on an average trading volume of 2,320,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 6.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its earnings results on Monday, July, 25th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02. Helix Energy Solutions Group had a negative net margin of 17.62% and a negative trailing twelve-month return on equity of 7.24%. During the same period in the previous year, the company earned ($0.09) earnings per share.

Helix Energy Solutions Group issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $725.00 million-$825.00 million, compared to the consensus revenue estimate of $671.04 million.

18 employees have rated Helix Energy Solutions Group Chief Executive Officer Owen E. Kratz on Glassdoor.com. Owen E. Kratz has an approval rating of 37% among the company's employees. This puts Owen E. Kratz in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Helix Energy Solutions Group investors own include Athersys (ATHX), Energy Transfer (ET), Advanced Micro Devices (AMD), Ford Motor (F), WPX Energy (WPX), General Electric (GE), Marathon Oil (MRO), Transocean (RIG) and Enterprise Products Partners (EPD).

Helix Energy Solutions Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLX."

Helix Energy Solutions Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (5.19%), Victory Capital Management Inc. (4.52%), State Street Corp (4.28%), Mirae Asset Global Investments Co. Ltd. (1.20%), FMR LLC (1.19%) and Eagle Asset Management Inc. (0.94%). Insiders that own company stock include Erik Staffeldt, John Lovoi, Nancy K Quinn, Owen E Kratz and Scott Andrew Sparks.
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Shares of HLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HLX stock can currently be purchased for approximately $4.10.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $622.09 million and generates $674.73 million in revenue each year. The oil and gas company earns $-61,780,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

The company employs 1,327 workers across the globe.

Helix Energy Solutions Group's mailing address is 3505 W SAM HOUSTON PARKWAY NORTH SUITE 400, HOUSTON TX, 77043. The official website for the company is www.helixesg.com. The oil and gas company can be reached via phone at (281) 618-0400, via email at investorrelations@helixesg.com, or via fax at 281-618-0500.